News Briefs

Housing tech platform Intelligence City raises $17m in Series A

The investors included BDC Capital’s Cleantech Practice, Greensoil PropTech Ventures, UIT Growth Equity GP and Fulmer & Company.

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  • In conjunction with the funding, Jamie James, a managing partner at Greensoil PropTech Ventures, will join Intelligent City’s board of directors
  • Fort Capital Partners acted as financial advisor and placement agent for the Series A and seed rounds
  • Intelligent City was founded more than a decade ago

Vancouver-based housing technology company Intelligent City has secured $17 million (C$22 million) in Series A financing, bringing total funding to $23 million (C$30 million). The investors included BDC Capital’s Cleantech Practice, Greensoil PropTech Ventures, UIT Growth Equity GP and Fulmer & Company.

In conjunction with the funding, Jamie James, a managing partner at Greensoil PropTech Ventures, will join Intelligent City’s board of directors.

Fort Capital Partners acted as financial advisor and placement agent for the Series A and seed rounds.

“Intelligent City’s technology is set to enable the future of the built world to be more climate-resilient by replacing emissions-intensive materials such as concrete and steel with a renewable material that naturally sequesters carbon,” said Matt Stanley, director of BDC Capital’s cleantech practice, said in a statement. “We are excited to support the team to accelerate the development and scale-up of its mass timber building system and advanced offsite manufacturing capabilities.”

Founded more than a decade ago, Intelligent City offers clients highly integrated one-stop solutions to design and pre-fabricate sustainable, net-zero, multi-family urban green buildings at better quality and lower costs for both owners, operators, and tenants.